Icon Wealth Advisors LLC Purchases 233,052 Shares of Booking Holdings Inc. (NASDAQ:BKNG)

Icon Wealth Advisors LLC grew its holdings in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 342,723.5% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 233,120 shares of the business services provider’s stock after purchasing an additional 233,052 shares during the period. Booking accounts for 36.9% of Icon Wealth Advisors LLC’s portfolio, making the stock its biggest position. Icon Wealth Advisors LLC owned approximately 0.70% of Booking worth $981,929,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of BKNG. Jamison Private Wealth Management Inc. bought a new position in Booking during the 3rd quarter worth $25,000. Grove Bank & Trust increased its stake in shares of Booking by 133.3% in the second quarter. Grove Bank & Trust now owns 7 shares of the business services provider’s stock valued at $28,000 after purchasing an additional 4 shares during the period. POM Investment Strategies LLC bought a new stake in shares of Booking during the second quarter valued at approximately $28,000. Kings Path Partners LLC bought a new stake in Booking during the 2nd quarter valued at $28,000. Finally, West Financial Advisors LLC acquired a new position in Booking during the 3rd quarter worth $29,000. Institutional investors own 92.42% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on BKNG shares. UBS Group upped their price target on shares of Booking from $5,050.00 to $5,550.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Jefferies Financial Group increased their price target on Booking from $4,200.00 to $4,300.00 and gave the company a “hold” rating in a research note on Tuesday, October 22nd. Mizuho boosted their price objective on Booking from $4,800.00 to $5,400.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 5th. Tigress Financial upped their price objective on Booking from $4,580.00 to $5,600.00 and gave the company a “strong-buy” rating in a report on Monday. Finally, Wells Fargo & Company lifted their target price on Booking from $3,976.00 to $4,173.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 8th. Ten investment analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Booking has a consensus rating of “Moderate Buy” and an average price target of $4,785.00.

Insider Activity at Booking

In related news, insider Paulo Pisano sold 100 shares of the company’s stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of $3,887.61, for a total value of $388,761.00. Following the completion of the sale, the insider now directly owns 3,787 shares in the company, valued at approximately $14,722,379.07. This represents a 2.57 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 0.12% of the stock is currently owned by company insiders.

Booking Trading Up 3.6 %

Shares of NASDAQ:BKNG opened at $5,199.31 on Friday. The firm has a market cap of $172.10 billion, a price-to-earnings ratio of 35.28, a P/E/G ratio of 1.55 and a beta of 1.38. Booking Holdings Inc. has a 1 year low of $3,079.50 and a 1 year high of $5,211.66. The business has a fifty day simple moving average of $4,457.76 and a 200 day simple moving average of $4,027.25.

Booking Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 6th will be issued a dividend of $8.75 per share. The ex-dividend date is Friday, December 6th. This represents a $35.00 annualized dividend and a dividend yield of 0.67%. Booking’s dividend payout ratio is 23.75%.

About Booking

Booking Holdings Inc, formerly The Priceline Group Inc, is a provider of travel and restaurant online reservation and related services. The Company, through its online travel companies (OTCs), connects consumers wishing to make travel reservations with providers of travel services across the world. It offers consumers an array of accommodation reservations (including hotels, bed and breakfasts, hostels, apartments, vacation rentals and other properties) through its Booking.com, priceline.com and agoda.com brands.